Family Resource Management

Conversational in style and rich in application and discussion, Family Resource Management shows students how to apply knowledge and theory to the study of how families manage their resources for both survival and fulfillment. Multiple perspectives are used to broaden the base of understanding in a contemporary environment. The book unlocks the complexity of family decision making, enabling students to grasp both the concepts and the underlying explanations of family behavior. A strong theory base and the organization of material within the decision-making process framework facilitate understanding and retention. The Third Edition has been enhanced through surveys of educational professionals and extensive research of contemporary challenges emerging post 2008 recession and the 2016 election.

Foundations of Family Resource Management uses the lenses of consumer science, management, and economics, and beyond to help students make intelligent decisions about resources, time, and energies at the individual and family level. It has a strong interdisciplinary, global, and multicultural focus. This sixth edition brings in new material on millennials, delayed marriage, household composition, neuroscience, behavioral economics, sustainable consumption, technology, and handling crises. It has been updated in line with the latest census data and academic literature. The text contains lots of features to support student learning, including chapter summaries, "Did You Know?" questions, glossary of key terms, examples and cases, critical thinking activities, and review questions for discussion and reflection. Lecture slides and an instructor manual are available as digital supplements. This textbook meets the standards and criteria for the Certified Family Life Educator (CFLE) designation of the National Council on Family Relations (NCFR) and will be suitable for resource management courses in family and consumer science, human ecology, and human environmental science programs.

The contents of the book include the areas of managing family resources. The fundamental concepts of management, family as a system, the resources and the motivating factors in management are dealt with in detail in separate chapters in the book. Some major resources like time, energy, money and space are discussed in detail. These resources are thoroughly analyzed and presented in a format which can easily be understood and followed by the students. Some of the facts are also presented in the form of figures and tables to highlight them for easy understanding. An effort has been made to discuss the role of management in family life-cycle so that the significance of learning this subject is realised by a householder for smooth management of family resources.

Family Resource Management addresses the management of resources from a family systems perspective and focuses on not just the individual that makes a decision but the impact those decisions have on the family unit. Authors Tami James Moore and Sylvia M. Asay use their academic research, practical experiences, and active teaching knowledge to help guide students through family resource management, and provide them with the most current, accurate, and dynamic information available for future professionals in the field of family services. The Fourth Edition includes the latest cutting-edge research, analysis of social changes, economic shifts, and the emerging “new normal” as the world recovers from the COVID-19 pandemic.

This book provides support to academics as well as managers, who deal with policies and strategies related to work issues. Effective work practices and good employee relations are a real necessity of nowadays organizations, as they can help to reduce absenteeism, employee turnover and organizational costs. Instead, they support high levels of commitment, effectiveness, performance as well as productivity. The book focusses on the implications of those changes in productivity and organizations management. It explores the models, tools and processes used by organizations in order to help managers become better prepared to face the challenges and changes in work and consequently, in the way how to manage todays' organizations.

This book will help HR managers and founders/owners develop a formal process within the company and also provide insights from family firms on how to manage sensitive topics ranging from family member compensation; family member appraisal, etc., and serves as a guide to HR managers struggling to get a "seat at the table" in family firms.